Waec Model Questions Vol1 2024 Economics Question 31
Practice objective / multiple choice question 31 from the 2024 Waec Model Questions Vol1 Economics examination.
The price of a commodity rises from ₦200 to ₦250 per unit and its quantity demanded falls from 500 units to 400 units. Using the midpoint method, calculate the price elasticity of demand.
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About This Question
This is Waec Model Questions Vol1 2024 Economics Question 31. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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